Car rentals have become an essential part of the travel industry. A car rental company in Singapore can cater to the needs of people who want to explore new places without relying on public transportation. Whether it is for a long-term trip or a short-term visit, for whatever purposes, car rentals offer convenience, flexibility, and freedom to travel. However, here comes the challenge! Choosing between a long-term and a short-term car rental can be confusing.
If you want to make a well-informed decision, this list highlights all the pros and cons of long-term and short-term car rentals.
PROS OF LONG-TERM CAR RENTALS:
Cost-Effective.
Long-term car rentals in Singapore are more cost-effective than short-term rentals. You can save money by renting a car for a longer duration. Rental companies offer discounts and lower rates for long-term rentals.
Flexibility.
Long-term car lease in Singaporeoffers the utmost flexibility in travel plans. You can keep the car for as long as you need it. You can also change your itinerary at your convenience. There are no restrictions on the number of miles you can drive. Yup, it gives you more freedom to explore the world!
Maintenance.
Long-term car rentals in Singaporecome with maintenance and service packages. Rental companies take good care of routine maintenance, such as oil changes, tyre rotations, and other repairs. Goodbye to all the days when you worry about vehicle maintenance! More than that, it saves you time and money.
CONS OF LONG-TERM CAR RENTALS:
Commitment.
Here comes the first disadvantage of long-term car rentals in Singapore. They require a commitment to a rental period. If you want to return the car before the end of the rental period, you may have to pay an early termination fee.
Depreciation.
Cars depreciate over time. Long-term car rentals in Singaporecan lead to a higher devaluation cost. The longer you keep the auto, the more it devalues, which can reduce its resale value.
Wear and Tear.
Long-term car rentals in Singaporecan result in wear and tear on the car. Using your investment frequently may require more maintenance and repairs, which can be costly.
PROS OF SHORT-TERM CAR RENTALS:
Convenience.
Short-term rentals are convenient for people who do not own or need a car for a short period. You can rent a car for a day, a week, or a month. It will all boil down to your needs and preferences.
No Commitment.
Unlike long-term car rentals in Singapore, short-term rentals do not require a long-term commitment. You can return the car as soon as you are through with it without paying any termination fees.
No Depreciation.
Short-term rentals do not result in a depreciation cost. You only pay for the rental period, and the vehicular value does not decrease over time.
CONS OF SHORT-TERM CAR RENTALS:
Cost.
Short-term rentals can be expensive compared to long-term car rentals in Singapore. Rental companies charge higher rates for short-term rentals, which can be a significant expense if you rent a car frequently.
Restrictions.
Even with the best car rental in Singapore, short-term rentals come with restrictions on the number of miles you can drive. Take note! You may have to pay an additional fee if you exceed the limit.
Maintenance.
Short-term rentals do not come with maintenance packages. Compared to long-term car rentals in Singapore, you are highly responsible for the upkeep and repairs of the car during the rental period.
Consider this list of the pros and cons of both options before making a choice. If you have finally decided whether to get a long-term or short-term rental and are looking for a reliable car rental company in Singapore, choose MyCarriage. You may visit their website to see their pricing structures, services, and offered vehicles.
